KEY SUITES

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Properties Overview

Comprised of 140 apartment homes and 107 extended- stay lodging facilities, Palm Grove and Key Suites have over 210,000 square feet of gross living area. Amenities include three pools and ample on-site parking (over 400 spaces).

They are located in a developed area with many apartment complexes selling for over $60,000 per door. Palm Grove and Key Suites are located next to each other and sit off Orange Blossom Trial and Holden Avenue approximately one mile south of Interstate 4. Interstate 4 connects to both Interstate 275 and Interstate 95, providing residents with easy access to downtown Orlando, Tampa, Lakeland and Daytona Beach. The properties is within four miles of downtown Orlando and is roughly a thirty-minute commute to major theme parks.

Offering

Name: Key Suites Hotel and Extended Stay

Property Address: 4855 Orange Blossom Trail, Orlando, FL 32839

Assessor’s Parcel Number: 15-23-29-0000-00-056

Site Description

Number of units: 107

Number of buildings: 7

Number of Stories: 2

Year Built: 1967

Rentable sq ft: 98,670 +/- Lot size: 5 acres +/- Parking: 111 spaces +/-

Construction

Foundation: Concrete slab Framing: Concrete block Exterior: Masonry/brick Parking Surface: Asphalt

Roof: Pitched/composition shingle

Mechanical

HVAC Forced-air